German armaments maker Rheinmetall expects business to keep booming

NAMPA / DPA

2024-11-19

Dusseldorf (dpa) - Germany's largest armaments group, Rheinmetall, expects strong growth in light of a boom in demand for military equipment and weaponry, the company told investors on Tuesday. Sales are expected to rise to around ?20 billion ($21 billion) by 2027, the company announced on Tuesday at a capital markets day in Rome. For the current year, the armaments group is targeting sales of around ?10 billion, of which 15% is to remain as pr......

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